Fortive (NYSE:FTV) Releases Quarterly Earnings Results

Fortive (NYSE:FTV) announced its quarterly earnings data on Wednesday. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07, FiscalAI reports. Fortive had a return on equity of 15.33% and a net margin of 12.38%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Here are the key takeaways from Fortive’s conference call:

• Fortive raised its full-year 2026 adjusted EPS guidance to $3.10–$3.14, implying approximately 15% year-over-year growth at the midpoint, with full-year core growth expected to exceed 5%.
• Third-quarter results showed continued momentum, including 7.2% core revenue growth, 10% adjusted EBITDA growth, 13% adjusted EPS growth, and 50 basis points of adjusted EBITDA margin expansion. Intelligent Operating Solutions led performance with 9% core growth, supported by Fluke, software, and gas detection demand.
• Fortive returned another $300 million through share repurchases, bringing cumulative buybacks since the launch of “new Fortive” to $2.3 billion, or 13% of shares outstanding. The company also raised its quarterly dividend by 17% and continues to evaluate targeted bolt-on acquisitions.
• Management is continuing to invest in Advanced Healthcare Solutions to expand its installed base, commercial capabilities, innovation, and ambulatory surgery center exposure. These investments contributed to lower year-over-year EBITDA and margin contraction in the quarter, although executives expect longer-term growth and margin improvement.
• Fourth-quarter reported revenue will face a $15 million–$20 million headwind from four fewer selling days, reducing consolidated core growth by roughly 150 basis points, with a particularly significant 300-basis-point impact expected in Advanced Healthcare Solutions.

Fortive Stock Performance

NYSE:FTV traded up $0.09 during midday trading on Thursday, reaching $64.20. The stock had a trading volume of 290,525 shares, compared to its average volume of 3,079,165. The firm has a fifty day simple moving average of $57.52 and a two-hundred day simple moving average of $58.55. Fortive has a 12-month low of $49.03 and a 12-month high of $67.03. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.39 billion, a P/E ratio of 38.04, a P/E/G ratio of 2.50 and a beta of 1.07.

Fortive Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.07 per share. This is a boost from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 4th. Fortive’s dividend payout ratio is 16.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FTV shares. JPMorgan Chase & Co. cut their target price on Fortive from $64.00 to $56.00 and set an “underweight” rating on the stock in a research report on Friday, October 9th. Truist Financial set a $65.00 price target on shares of Fortive in a research report on Thursday. Robert W. Baird set a $75.00 price objective on Fortive in a report on Thursday. Mizuho set a $55.00 target price on Fortive in a research report on Thursday. Finally, Weiss Ratings cut Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fortive presently has an average rating of “Hold” and an average target price of $62.73.

Fortive News Summary

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Fortive reported adjusted EPS of $0.77 versus the $0.70 analyst consensus and revenue of approximately $1.11 billion, ahead of estimates near $1.07 billion. Revenue increased 7.8% year over year, while adjusted EPS rose 13%. Fortive Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance. Fortive now expects adjusted EPS of $3.10 to $3.14, above the FactSet consensus estimate of $3.01. The company also highlighted more than 7% core revenue growth and roughly 10% adjusted EBITDA growth. Fortive Raises 2026 EPS Outlook
• Positive Sentiment: Operating momentum appears to be strengthening. Executives described the quarter as Fortive’s fifth consecutive period of double-digit adjusted EPS growth, supported by strong core performance, expanding profitability and execution of its strategic initiatives. Fortive Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Fortive’s Fluke brand introduced refrigerated calibration baths designed to improve temperature stability and reduce measurement uncertainty. The launch supports the company’s product portfolio but is unlikely to materially affect near-term results. Fluke Introduces New Calibration Baths
• Negative Sentiment: Management noted ongoing healthcare margin pressure, which could limit the pace of profitability gains even as companywide growth remains strong.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the transaction, the senior vice president owned 79,118 shares in the company, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.